The Entrepreneurial Lesson of Ronda Rousey…

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I’ve been a fan of Ronda Rousey for quite some time. I think she has great talent. It’s tough to discount a 12-1 record with three TKOs and nine submissions. So when I learned that she recently contemplated suicide in her loss to Holly Holm, I was a bit taken aback…

As she explained in a recent interview, ““In the medical room, I was down in the corner, I was sitting in the corner and I was like ‘what am I anymore if I’m not this? And I was literally sitting there and thinking about killing myself in that exact second, I’m nothing. Like what do I do anymore? And no one gives an (expletive) about me anymore without this.”

Failure is inevitable, though. We all experience it at some time in our life. But it’s those that get up and try again that are stronger for it.

Giving up – or even thinking of death in failure – is a cop out, in my opinion.

And as harsh as that may sound, here’s what we have to consider. If you don’t have the heart to be a success as an entrepreneur or as an athlete, perhaps you’re on the wrong path…

The mere mention of suicide is nothing to take lightly either. And those that have those types of thoughts should seek immediate help. It’s nothing to take lightly at all.  What many forget is that suicide is permanent.  There’s no coming back from it.  Losing a life is much more painful than losing a match… And Ronda Rousey should understand that.

As Rousey should know, not all of us will succeed right out of the gate, if at all. As depressing as that sounds, we must accept failure as a necessity.  It’s okay to fail.  But it’s not okay to give up on what you hope to achieve.

If she gets back in that ring with Holm with this attitude, she’ll get knocked down again… But if she learned from her past failure in the same ring, she has a better chance.

According to Bloomberg, eight out of every 10 entrepreneurs will fail in the first 18 months. Can you believe that? Up to 80% fail…

But it’s the driven that get up and try again…

In my many years of business (I’m still a young man), and through exposure to hundreds of businesses, I’ve seen plenty fail… get up, fail again, and get back up, only to succeed…

The key to succeeding and not allowing that 80% figure to scare you is your acceptance to take on necessary risk.

At one point, Thomas Edison was told he was too stupid to learn anything. He went on to hold 1,000 patents and create the phonograph, an electric lamp, and the movie camera… Walt Disney was once fired and told he lacked imagination and had no good ideas. Steven Spielberg was shut out from the University of Southern California School of Cinematic Arts countless times.

But as billionaires like Mark Cuban will tell you, “It doesn’t matter how many times you fail. It doesn’t matter how many times you almost get it right. No one is going to know or care about your failures, and neither should you. All you have to do is learn from them and those around you because all that matters in business is that you get it right once. Then everyone can tell you how lucky you are check my source.”